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Ultra-thin High-efficiency Liquid Cooling Plate Industry Research Report 2026
Market perspective
The global Ultra-thin High-efficiency Liquid Cooling Plate market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Ultra-thin High-efficiency Liquid Cooling Plate is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Ultra-thin High-efficiency Liquid Cooling Plate is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Ultra-thin High-efficiency Liquid Cooling Plate is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Ultra-thin High-efficiency Liquid Cooling Plate include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Ultra-thin High-efficiency Liquid Cooling Plate market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Ultra-thin High-efficiency Liquid Cooling Plate.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Ultra-thin High-efficiency Liquid Cooling Plate Market by Company
Lytron
Malico
Cooling House
Baknor
EKL AG
Mikros
AMS Technologies
Boyd Corporation
Asetek
Real Thermal Management Tech (Beijing] Co.,Ltd
Evercyan
Trumony Aluminum
Winshare Thermal
YUANYI TECHNOLOGY
BLUEOCEAN
Ultra-thin High-efficiency Liquid Cooling Plate Segment by Type
Copper
Aluminum
Graphite
Polymer
Ultra-thin High-efficiency Liquid Cooling Plate Segment by Application
Energy & Power
Industrial
Electronics
Automobile
Aerospace
Communication
Others
Ultra-thin High-efficiency Liquid Cooling Plate Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ultra-thin High-efficiency Liquid Cooling Plate market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Ultra-thin High-efficiency Liquid Cooling Plate and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Ultra-thin High-efficiency Liquid Cooling Plate.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Ultra-thin High-efficiency Liquid Cooling Plate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Ultra-thin High-efficiency Liquid Cooling Plate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Ultra-thin High-efficiency Liquid Cooling Plate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Copper
- Aluminum
- Graphite
- Polymer
Applications
- Energy & Power
- Industrial
- Electronics
- Automobile
- Aerospace
- Communication
- Others
Companies covered
- Lytron
- Malico
- Cooling House
- Baknor
- EKL AG
- Mikros
- AMS Technologies
- Boyd Corporation
- Asetek
- Real Thermal Management Tech (Beijing] Co.,Ltd
- Evercyan
- Trumony Aluminum
- Winshare Thermal
- YUANYI TECHNOLOGY
- BLUEOCEAN
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Ultra-thin High-efficiency Liquid Cooling Plate by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Copper
- 2.2.3 Aluminum
- 2.2.4 Graphite
- 2.2.5 Polymer
- 2.3 Ultra-thin High-efficiency Liquid Cooling Plate by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Energy & Power
- 2.3.3 Industrial
- 2.3.4 Electronics
- 2.3.5 Automobile
- 2.3.6 Aerospace
- 2.3.7 Communication
- 2.3.8 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Ultra-thin High-efficiency Liquid Cooling Plate Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Manufacturers (2021-2026)
- 3.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Manufacturers (2021-2026)
- 3.3 Global Ultra-thin High-efficiency Liquid Cooling Plate Average Price by Manufacturers (2021-2026)
- 3.4 Global Ultra-thin High-efficiency Liquid Cooling Plate Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Ultra-thin High-efficiency Liquid Cooling Plate Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Ultra-thin High-efficiency Liquid Cooling Plate Manufacturers, Product Type & Application
- 3.7 Global Ultra-thin High-efficiency Liquid Cooling Plate Manufacturers Established Date
- 3.8 Global Ultra-thin High-efficiency Liquid Cooling Plate Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Lytron
- 4.1.1 Lytron Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.1.2 Lytron Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.1.3 Lytron Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.1.4 Lytron Product Portfolio
- 4.1.5 Lytron Recent Developments
- 4.2 Malico
- 4.2.1 Malico Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.2.2 Malico Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.2.3 Malico Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.2.4 Malico Product Portfolio
- 4.2.5 Malico Recent Developments
- 4.3 Cooling House
- 4.3.1 Cooling House Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.3.2 Cooling House Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.3.3 Cooling House Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.3.4 Cooling House Product Portfolio
- 4.3.5 Cooling House Recent Developments
- 4.4 Baknor
- 4.4.1 Baknor Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.4.2 Baknor Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.4.3 Baknor Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.4.4 Baknor Product Portfolio
- 4.4.5 Baknor Recent Developments
- 4.5 EKL AG
- 4.5.1 EKL AG Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.5.2 EKL AG Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.5.3 EKL AG Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.5.4 EKL AG Product Portfolio
- 4.5.5 EKL AG Recent Developments
- 4.6 Mikros
- 4.6.1 Mikros Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.6.2 Mikros Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.6.3 Mikros Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.6.4 Mikros Product Portfolio
- 4.6.5 Mikros Recent Developments
- 4.7 AMS Technologies
- 4.7.1 AMS Technologies Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.7.2 AMS Technologies Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.7.3 AMS Technologies Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.7.4 AMS Technologies Product Portfolio
- 4.7.5 AMS Technologies Recent Developments
- 4.8 Boyd Corporation
- 4.8.1 Boyd Corporation Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.8.2 Boyd Corporation Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.8.3 Boyd Corporation Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.8.4 Boyd Corporation Product Portfolio
- 4.8.5 Boyd Corporation Recent Developments
- 4.9 Asetek
- 4.9.1 Asetek Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.9.2 Asetek Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.9.3 Asetek Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.9.4 Asetek Product Portfolio
- 4.9.5 Asetek Recent Developments
- 4.10 Real Thermal Management Tech (Beijing] Co.,Ltd
- 4.10.1 Real Thermal Management Tech (Beijing] Co.,Ltd Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.10.2 Real Thermal Management Tech (Beijing] Co.,Ltd Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.10.3 Real Thermal Management Tech (Beijing] Co.,Ltd Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.10.4 Real Thermal Management Tech (Beijing] Co.,Ltd Product Portfolio
- 4.10.5 Real Thermal Management Tech (Beijing] Co.,Ltd Recent Developments
- 4.11 Evercyan
- 4.11.1 Evercyan Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.11.2 Evercyan Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.11.3 Evercyan Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.11.4 Evercyan Product Portfolio
- 4.11.5 Evercyan Recent Developments
- 4.12 Trumony Aluminum
- 4.12.1 Trumony Aluminum Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.12.2 Trumony Aluminum Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.12.3 Trumony Aluminum Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.12.4 Trumony Aluminum Product Portfolio
- 4.12.5 Trumony Aluminum Recent Developments
- 4.13 Winshare Thermal
- 4.13.1 Winshare Thermal Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.13.2 Winshare Thermal Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.13.3 Winshare Thermal Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.13.4 Winshare Thermal Product Portfolio
- 4.13.5 Winshare Thermal Recent Developments
- 4.14 YUANYI TECHNOLOGY
- 4.14.1 YUANYI TECHNOLOGY Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.14.2 YUANYI TECHNOLOGY Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.14.3 YUANYI TECHNOLOGY Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.14.4 YUANYI TECHNOLOGY Product Portfolio
- 4.14.5 YUANYI TECHNOLOGY Recent Developments
- 4.15 BLUEOCEAN
- 4.15.1 BLUEOCEAN Ultra-thin High-efficiency Liquid Cooling Plate Company Information
- 4.15.2 BLUEOCEAN Ultra-thin High-efficiency Liquid Cooling Plate Business Overview
- 4.15.3 BLUEOCEAN Ultra-thin High-efficiency Liquid Cooling Plate Production, Value and Gross Margin (2021-2026)
- 4.15.4 BLUEOCEAN Product Portfolio
- 4.15.5 BLUEOCEAN Recent Developments
5 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Region
- 5.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Region: 2021-2032
- 5.2.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Region: 2021-2026
- 5.2.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Forecast by Region (2027-2032)
- 5.3 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Region: 2021-2032
- 5.4.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Region: 2021-2026
- 5.4.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value Forecast by Region (2027-2032)
- 5.5 Global Ultra-thin High-efficiency Liquid Cooling Plate Market Price Analysis by Region (2021-2026)
- 5.6 Global Ultra-thin High-efficiency Liquid Cooling Plate Production and Value, YOY Growth
- 5.6.1 North America Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Ultra-thin High-efficiency Liquid Cooling Plate Production Value Estimates and Forecasts (2021-2032)
6 Global Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Region
- 6.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Region (2021-2032)
- 6.2.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Region: 2021-2026
- 6.2.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Ultra-thin High-efficiency Liquid Cooling Plate Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Ultra-thin High-efficiency Liquid Cooling Plate Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Ultra-thin High-efficiency Liquid Cooling Plate Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Ultra-thin High-efficiency Liquid Cooling Plate Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Ultra-thin High-efficiency Liquid Cooling Plate Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Type (2021-2032)
- 7.1.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Type (2021-2032) & (k units)
- 7.1.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Market Share by Type (2021-2032)
- 7.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Type (2021-2032)
- 7.2.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value Market Share by Type (2021-2032)
- 7.3 Global Ultra-thin High-efficiency Liquid Cooling Plate Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Application (2021-2032)
- 8.1.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production by Application (2021-2032) & (k units)
- 8.1.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Market Share by Application (2021-2032)
- 8.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Application (2021-2032)
- 8.2.1 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Ultra-thin High-efficiency Liquid Cooling Plate Production Value Market Share by Application (2021-2032)
- 8.3 Global Ultra-thin High-efficiency Liquid Cooling Plate Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Ultra-thin High-efficiency Liquid Cooling Plate Value Chain Analysis
- 9.1.1 Ultra-thin High-efficiency Liquid Cooling Plate Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Ultra-thin High-efficiency Liquid Cooling Plate Production Mode & Process
- 9.2 Ultra-thin High-efficiency Liquid Cooling Plate Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Ultra-thin High-efficiency Liquid Cooling Plate Distributors
- 9.2.3 Ultra-thin High-efficiency Liquid Cooling Plate Customers
10 Global Ultra-thin High-efficiency Liquid Cooling Plate Analyzing Market Dynamics
- 10.1 Ultra-thin High-efficiency Liquid Cooling Plate Industry Trends
- 10.2 Ultra-thin High-efficiency Liquid Cooling Plate Industry Drivers
- 10.3 Ultra-thin High-efficiency Liquid Cooling Plate Industry Opportunities and Challenges
- 10.4 Ultra-thin High-efficiency Liquid Cooling Plate Industry Restraints
11 Report Conclusion
12 Disclaimer
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